Helios Underwriting Plc Stock Forecast
Helios Underwriting Plc stock upgraded from Sell Candidate to Hold/Accumulate after Friday trading session.
(Updated on Jun 28, 2024)
The Helios Underwriting Plc stock price gained 2.39% on the last trading day (Friday, 28th Jun 2024), rising from £167.50 to £171.50. During the last trading day the stock fluctuated 2.67% from a day low at £168.50 to a day high of £173.00. The price has risen in 5 of the last 10 days but is still down by -0.58% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 95 thousand more shares were traded than the day before. In total, 95 thousand shares were bought and sold for approximately £16.31 million.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Helios Underwriting Plc stock with a 90% probability to be traded between £157.64 and £188.06 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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HUW.L Signals & Forecast
The Helios Underwriting Plc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at £167.39 and £170.05. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, June 18, 2024, and so far it has risen 7.19%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Helios Underwriting Plc stock
Helios Underwriting Plc finds support from accumulated volume at £170.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved £4.50 between high and low, or 2.67%. For the last week, the stock has had daily average volatility of 2.07%.
Our recommended stop-loss: £161.93 (-5.58%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 15 days ago.)
Trading Expectations (HUW.L) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Helios Underwriting Plc to open at £171.00, and during the day (based on 14 day Average True Range), to move between £165.47 and £177.53, which gives a possible trading interval of +/-£6.03 (+/-3.52%) up or down from last closing price. If Helios Underwriting Plc takes out the full calculated possible swing range there will be an estimated 7.04% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £170.00 (0.87%) than the resistance at £175.00 (2.04%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Helios Underwriting Plc stock A Buy?
Helios Underwriting Plc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Upgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Helios Underwriting Plc of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| £171.00 ( 0.292%) | £171.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HUW.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 175.50 | 2.33% |
| R2 | 173.78 | 1.33% |
| R1 | 172.72 | 0.711% |
| Price | 171.50 | |
| S1 | 169.28 | -1.29% |
| S2 | 168.22 | -1.91% |
| S3 | 166.50 | -2.92% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 186.00 | 8.45% |
| R2 | 185.00 | 7.87% |
| R1 | 175.00 | 2.04% |
| Price | 171.50 | |
| S1 | 170.00 | -0.87% |
| S2 | 167.50 | -2.33% |
| S3 | 165.00 | -3.79% |
HUW Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 06, 2024 | Jun 06, 2024 | Jul 12, 2024 | £6.00 | 3.50% |
| 2 | Jun 08, 2023 | Jun 08, 2023 | Jun 08, 2023 | £3.00 | 1.71% |
| 3 | May 27, 2022 | Jun 23, 2022 | Jul 18, 2022 | £3.00 | 1.89% |
| 4 | Jun 01, 2021 | Jun 24, 2021 | Jul 19, 2021 | £3.00 | 1.97% |
| 5 | May 31, 2019 | Jul 18, 2019 | Jul 31, 2019 | £1.50 | 1.29% |
FAQ
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